Lawsuit claims 258 billion USD from Elon Musk for his support of dogecoin

Complaints from investors who feel cheated by the promises of virtual currencies are currently increasing in the United States. An investor who lost money betting on dogecoin, a cryptocurrency originally parody inflated in particular by the interest of Elon Musk, filed a lawsuit on Thursday claiming $ 258 billion from the multi-billionaire and his companies … Read more

Tesla wants to divide its share by three to attract employees and small shareholders

Other stock market giants, such as Amazon, whose stock has exploded recently, have carried out similar operations. The electric vehicle manufacturer Tesla will split its share on Wall Street by three to make the title more accessible to its employees and small shareholders, thus imitating several big names in tech. The company led by Elon … Read more

Fed determined to curb inflation, several more half-point hikes ‘probably appropriate’

Managers want “quickly return monetary policy to a neutral path”. US central bank officials have said they are determined to bring inflation down sharply, and most of them estimated at their last meeting in early May that several more half-point rate hikes will be “probably necessary”. Read alsoWall Street opens lower while waiting for the … Read more

Biden’s Fed nominee Michael Barr downplays institution’s climate role

According to Michael Barr, “the only objective should be to understand the risks that the climate could pose to the financial system and to work” on “measures to manage these risks.” The US central bank (Fed) must understand climate risks and help banks deal with them, not determine which sectors they should or should not … Read more

solving the baby milk shortage will take a few weeks

An investigation was opened and the manufacturer points out that no trace of bacteria was found in the boxes of milk in question. Baby milk powder should reappear on store shelves in a few days in the United States but the shortage will not be resolved for several weeks, the head of the American drug … Read more

Saudi Aramco overtakes Apple as top market cap

The titles of the Saudi giant have been boosted by the recent surge in crude oil prices. The oil group Saudi Aramco dethroned Apple from the rank of the world’s largest market capitalization on Wednesday May 11, as the shares of the Saudi giant were boosted by the recent surge in crude oil prices. Read … Read more

More plethora of job creations in April in the United States

Joe Biden welcomes this movement of business leaders, which promotes post-Covid economic recovery. American companies continued in April to increase hiring, a trend welcomed by Joe Biden who sees it as the result of his economic policy. Read alsoUnited States: increase in job creation in the private sector in September Despite higher costs due to … Read more